Rio Tinto plc (LON:RIO) Declares GBX 119.74 Dividend

Rio Tinto plc (LON:RIO) declared a dividend on Wednesday, July 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 6th will be paid a dividend of GBX 119.74 ($1.47) per share on Thursday, September 17th. This represents a yield of 2.5%. The ex-dividend date is Thursday, August 6th. The official announcement can be accessed at this link.

Rio Tinto stock traded up GBX 33 ($0.41) during trading hours on Thursday, reaching GBX 4,798 ($59.05). 1,664,967 shares of the stock were exchanged, compared to its average volume of 4,860,000. Rio Tinto has a 52-week low of GBX 44.87 ($0.55) and a 52-week high of GBX 5,152 ($63.40). The stock has a market cap of $59.82 billion and a P/E ratio of 9.84. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.22 and a current ratio of 1.56. The firm’s 50 day moving average is GBX 4,629.40 and its 200 day moving average is GBX 4,125.71.

In other Rio Tinto news, insider Jean-Sébastien Jacques sold 13,324 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of GBX 4,372 ($53.80), for a total value of £582,525.28 ($716,865.96).

RIO has been the topic of a number of recent analyst reports. Goldman Sachs Group set a GBX 4,410 ($54.27) price target on shares of Rio Tinto and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group reissued a “neutral” rating and issued a GBX 4,400 ($54.15) target price on shares of Rio Tinto in a research note on Monday. Jefferies Financial Group boosted their price objective on shares of Rio Tinto from GBX 5,200 ($63.99) to GBX 5,400 ($66.45) and gave the company a “buy” rating in a report on Monday, July 6th. Bank of America raised Rio Tinto to a “buy” rating and set a GBX 5,700 ($70.15) price objective on the stock in a research note on Friday, May 29th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Rio Tinto in a report on Monday, July 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 4,538 ($55.85).

Rio Tinto Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Dividend History for Rio Tinto (LON:RIO)

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